When Your Dental Practice Won’t Sell

You’re going to sell your dental practice – in 5 years, in a decade, or in 30 years. The only question is whether you’ll be able to sell it for the amount you need to begin your next business venture. Or the amount you’ll need to fund the kind of retirement you want. If your current or projected practice valuation isn’t where you need it to be, the time to begin correcting that is now. Because you never know when the economy will head south again and take your practice with it. Stay tuned. After the break, I’ll tell you how to attract the patients who will grow and protect your practice and its valuation.

– Thanks for watching the Patient Attraction Podcast™.

– I’m Colin Receveur, CEO of SmartBox.

– Dental practice valuations took a hit following the Great Recession of 2008.

– It took another 7 years before that lost value was recovered.

– Most of that lag was due to higher unemployment, home foreclosures, and poor job prospects.